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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is modern money?
π‘ Hint: Think about the types of money used today.
Question 2
Easy
Give one example of a digital transaction.
π‘ Hint: Consider how you pay for things without physical cash.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary function of modern money?
π‘ Hint: Think about how we use money in daily transactions.
Question 2
True or False: Demand deposits are considered a form of currency.
π‘ Hint: Consider the forms of money you know.
Solve and get performance evaluation
Push your limits with challenges.
Question 1
Consider a region that undergoes sudden demonetization. Discuss the potential economic impacts on daily transactions and small businesses.
π‘ Hint: Think about both the short-term chaos and long-term adaptation.
Question 2
Analyze why banks might prefer lending to larger businesses over small farmers, despite the social implications.
π‘ Hint: Consider risk versus reward in banking.
Challenge and get performance evaluation